Fintech stocks were the flavour for sometime just like pre 2000 in the US when tech stocks/internet stocks were flying. The NASDAQ corrected and wasn't for over a decade that the NASDAQ recovered to levels of 2000. Current valuations of fintech stocks/tech stocks are grossly overvalued even after current corrections. the smart money (institutions) have exited these so called growth stocks and invested in traditional yield stocks that produce profits and dividends. Average down and the pain could get even worse. The NASDAQ probably has another 30-40% to fall. A bear market in my opinion will remain for years just like the bull market did. There doesn't need to be a crash. The GFC wasn't really a crash, it was for 2 years - up by the escalator and down by the elevator. During that time, the ups were of course dead cat bounces.
Z1P Price at posting:
$3.33 Sentiment: Sell Disclosure: Not Held
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